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India

IN : Auto & Parts - Overall - 4QFY22F results preview

    Pramod Amthe
    Hitesh Thakurani
    CGS-CIMB
    12 April 2022
    Published by

    Semiconductor shortage easing and market share gains for segment leaders helped sales recovery in 4QFY22. Resumption of commodity price hikes and supply chain problems due to the Russia- Ukraine war to impact qoq profits of 2W makers like Bajaj Auto & TVS. Nifty Auto index P/E valuation easing to mean level leads to our preference for auto-makers over component-makers.